You are considering an investment in the common stock of Crisp’s Cookware. The stock is expected to

You are considering an investment in the common stock of Crisp’s Cookware. The stock is expected to pay a dividend of $2 a share at the end of the year (D(1) = $2.00). The stock has a beta equal of 0.9. The risk free rate of 5.6% and the market risk premium is 6%. The stock’s dividend is expected to grow at some constant rate g. The stock currently sells for $25 a share. Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is P(3)?)